Cricut, Inc. (NASDAQ:CRCT) Declares None Dividend of $0.50

Cricut, Inc. (NASDAQ:CRCT - Get Free Report) announced a None dividend on Tuesday, November 5th,Zacks Dividends reports. Stockholders of record on Tuesday, January 7th will be paid a dividend of 0.50 per share on Tuesday, January 21st. This represents a dividend yield of 3.4%. The ex-dividend date is Tuesday, January 7th.

Cricut has a payout ratio of 66.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Cricut to earn $0.35 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 57.1%.

Cricut Price Performance

Shares of NASDAQ CRCT traded up $0.23 during trading hours on Thursday, hitting $5.80. 574,266 shares of the company's stock were exchanged, compared to its average volume of 699,625. The company's 50-day moving average price is $6.36 and its 200-day moving average price is $6.20. Cricut has a 1-year low of $4.43 and a 1-year high of $8.40. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 19.58 and a beta of 0.13.

Cricut (NASDAQ:CRCT - Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.02). The business had revenue of $167.89 million for the quarter, compared to analyst estimates of $165.35 million. Cricut had a return on equity of 13.18% and a net margin of 9.16%. During the same quarter last year, the firm earned $0.08 earnings per share. On average, research analysts expect that Cricut will post 0.29 earnings per share for the current year.

Analyst Ratings Changes

Separately, The Goldman Sachs Group decreased their price target on shares of Cricut from $6.50 to $5.75 and set a "neutral" rating on the stock in a research report on Wednesday.

Insider Transactions at Cricut

In related news, CEO Arora Ashish sold 38,495 shares of the firm's stock in a transaction on Friday, August 16th. The stock was sold at an average price of $5.94, for a total value of $228,660.30. Following the completion of the transaction, the chief executive officer now directly owns 2,505,840 shares of the company's stock, valued at $14,884,689.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Arora Ashish sold 38,495 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $5.94, for a total value of $228,660.30. Following the completion of the transaction, the chief executive officer now owns 2,505,840 shares of the company's stock, valued at $14,884,689.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Donald B. Olsen sold 40,000 shares of the firm's stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $5.74, for a total transaction of $229,600.00. Following the transaction, the executive vice president now owns 655,833 shares of the company's stock, valued at approximately $3,764,481.42. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 267,112 shares of company stock valued at $1,599,515. 18.02% of the stock is owned by corporate insiders.

Cricut Company Profile

Cricut, Inc engages in the design, marketing, and distribution of a creativity platform that enables users to turn ideas into professional-looking handmade goods. It operates through three segments: Connected Machines, Subscriptions, and Accessories and Materials. The company offers connected machines, design apps, and accessories and materials for users to create personalized birthday cards, mugs, T-shirts, and large-scale interior decorations.